Blackstone, the world’s largest alternative asset manager, views artificial intelligence as a significant strategic risk in addition to being an opportunity. While investing heavily in the infrastructure underpinning AI, Blackstone acknowledges that AI will disrupt many existing business models, necessitating a focus on where it destroys value across its $1 trillion in assets. This highlights a shift in perception within the private markets industry, moving beyond just the upside narrative of AI to embrace a more mature understanding of its uneven and potentially destabilizing economic impact.
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Blackstone Warns AI Disruption Risk Is a Top Strategic Focus:
Blackstone, the world’s largest alternative asset manager, views artificial intelligence as a significant strategic risk in addition to being an opportunity. While investing heavily in the infrastructure underpinning AI, Blackstone acknowledges that AI will disrupt many existing business models, necessitating a focus on where it destroys value across its $1 trillion in assets. This highlights a shift in perception within the private markets industry, moving beyond just the upside narrative of AI to embrace a more mature understanding of its uneven and potentially destabilizing economic impact.